Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.92% | -0.33 | 1.25% |
| Return on Equity (%) | ▼ | 9.81% | -3.83 | 13.64% |
| Net Interest Margin (%) | ▼ | 4.70% | -0.01 | 4.70% |
| Efficiency Ratio (%) | ▼ | 78.83% | +10.52 | 68.31% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.25 | $1 |
| Cost of Funds (%) | ▼ | 1.11% | +0.26 | 0.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $164 | +27.86 | $136 |
| Gross Loans ($M) | ▼ | $80 | -2.60 | $82 |
| Loan Growth YoY (%) | ▼ | 52.58% | -13.87 | 66.45% |
| Total Deposits ($M) | ▲ | $148 | +27.45 | $121 |
| Shareholders Equity ($M) | ▲ | $15 | +2.18 | $13 |
| Tang. Book Value ($M) | ▲ | $15 | +2.29 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +3.18 | $15 |
| Loan / Deposit Ratio (%) | ▼ | 52.58% | -13.87 | 66.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 3.19% | -1.34 | 4.53% |
| Allowance / Loans (%) | — | 2.33% | -0.28% | 2.61% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -1.06 | 1.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃██▅▄▁▃▅ | Net Interest Margin (%) | 4.57% | 4.89% | 4.92% | 4.70% | 4.64% | 4.39% | 4.53% | 4.70% |
| ▃██▇▁▁▂▁ | Return on Assets (%) | 1.05% | 1.34% | 1.36% | 1.25% | 0.95% | 0.95% | 0.99% | 0.92% |
| █▄▄▁▆▇▇█ | Efficiency Ratio (%) | 77.7% | 73.6% | 73.3% | 68.3% | 76.0% | 76.3% | 76.7% | 78.8% |
| ▅▅▃▂▆▁▇█ | Cost of Funds (%) | 0.97% | 0.96% | 0.89% | 0.85% | 0.98% | 0.77% | 1.04% | 1.11% |
| ▁▃▁█▇▄▆▆ | NPA / Assets (%) | 0.53% | 1.71% | 0.65% | 4.53% | 3.54% | 2.53% | 3.34% | 3.19% |
| ▃█▄▄▁▁▁▁ | Net Charge-Off Ratio (%) | 0.85% | 2.77% | 1.10% | 1.14% | 0.00% | 0.00% | 0.03% | 0.08% |
| ▁▄▁▃▂▇██ | Tang. Book Value ($M) | $12 | $13 | $12 | $13 | $13 | $14 | $15 | $15 |
| ██▄▅▁▄▁▁ | Gross Loans ($M) | $85 | $85 | $82 | $82 | $79 | $82 | $79 | $80 |
| ▁▁▁▁▃█▃▄ | Total Deposits ($M) | $115 | $118 | $120 | $121 | $134 | $191 | $141 | $148 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 23% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 6% |